Question

Question 26 One way to avoid protectionist restrictions would be to privatization make the last significant...

Question 26

One way to avoid protectionist restrictions would be to

privatization

make the last significant change to the product here in the US

impose tariffs

do away with quotas

Question 27

The negative impact of protectionism is when

M decrease due to higher US producer prices

politicians lose their jobs

jobs are lost in the protected industry

P increases in the protected industry causing less C in other industries

Question 28

Which of the following facts is true about the World Equilibrium Price?

it is determined by world demand & supply

it is less than US equilibrium price

it causes an increase in the amount of imports

all of the above are true

Question 29

Which of the following is true of an economy with a strong, appreciating dollar?

higher exports

higher imports

lower trade deficit

both a & c are true

Question 30

A flexible or floating exchange rate is characterized by the following

minimal government intervention

determined solely by D & S of its currency

buying & selling of foreign currency to affect D & S of foreign exchange

German currency as the world benchmark

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